topic K-1 in Get your taxes done using TurboTax

K-1

mgroote — Mon, 09 Mar 2026 07:12:57 GMT

I raised this yesterday, however, I cannot find the feed. I live in Missouri and own stock in an S-Corporation in Iowa. My only involvement with the S-Corporation is owning the stock and collecting the income. The K-1 information I received from the S-Corporation includes information that identifies some of the income as "Iowa Source Income". Am I required to file an Iowa income tax form as well as Missouri? Or can I include all of the income on my Missouri form and call it a day? Thanks in advance for any help that can be offered.

Re: K-1

MinhT1 — Thu, 24 Mar 2022 16:17:28 GMT

Iowa recognizes the Federal S-corp election and Iowa S-corps do not pay corporate tax to the state.

You do not need to file an Iowa state return. Your share of the S-corp income is taxed in Missouri.

Re: K-1

mgroote — Thu, 24 Mar 2022 16:19:28 GMT

Thanks for your help.